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Posts Tagged ‘patent’

When to Shut Up About Your Small Business

Tuesday, November 24th, 2009

 

shut upThis post may seem a bit counter-intuitive, since we’ve been evangelizing about the need to promote your business on social media.  We’ve talked about how this blog, and our tweets, and facebook have led to good things for KikScore.  But there are times when you should stop sharing.

Keeping Your Competitive Advantage:  No matter what business you have, there are certain things that you do, or mistakes that you have learned from, that your competitors would love to know.  When we thought up the KikScore service, we took the time, prior to launching, to file a couple of patents.  But patents don’t completely protect your business.  To file a patent, you must disclose exactly what your competitive advantage is — prior to knowing if you’ll get the patent granted. That’s why Coke has never filed a patent on its secret formula…because they’d have to disclose the exact formula.  Same thing goes for your business.  If you do something better than your competitors, it’s a valuable trade secret.  And it’s not just your competitors you have to worry about…you also have to worry about people interested in investing in your business.  This article describes a recent example of a potential investor that, after learning about a business, deciding to forego the investment and just start a similar business.

Going From Enthusiasm to Annoyance:  We’re all excited about our businesses.  And we love to talk about to our family, friends, followers on Twitter, the guy at the bus-stop, and the deranged homeless man asking for money.  Generally, our enthusiasm is viewed in  a positive light.  But what is the fine line between our enthusiasm and becoming a spammer?  The other night, I was having dinner with friends and letting them know how easy it is to automate updates on my facebook page.  My good friend than said “If you go overboard, I’ll do what I’ve done with my other friends and just turn off your updates.”  I realized that I’ve got to make sure not to abuse my friends and over-promote our business, as it will hurt my brand and I will start losing friends.

Feel free to share other instances when you shouldn’t over-share about your business.

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Posts Tagged ‘patent’

Diary of a Tech Start-Up: Idea to Soft Launch

Thursday, October 29th, 2009

One of our ideas that we have here at KikScore is to provide a running blog on how we started business, what challenges we face, and what we’re doing to make our concept a viable (and hopefully profitable) concern.  There won’t be one voice in this diary, as each of us have a different view of events.  Hopefully this spectrum of views and running history will help our readers with similar challenges (and if you have some advice on approaching a similar problem, we’d love to hear it as well).  We’ll try to be useful and interesting, but most of all, honest (and hopefully humorous).  Ok, let’s get to it.

About 3 years ago, a thought comes across my mind.  I recall this moment well, as I usually don’t have a lot of thoughts.  The concept was to come up with a way to provide some transparency to shoppers — allow an ecommerce site to provide verifiable information on who they are and why they should be trusted (so they can compete with established brands and brick-and-mortar stores).  And if we can supplement this transparency with third party data on these businesses and score the likely shopping experience — well, that’s a home run.  Shoppers benefit from more competition and an excellent shopping experience, Sellers use their good name to sell more online, and we have a nice business.

In an effort to save readers from lighting themselves on fire out of boredom, ala Airplane: The Movie, I can summarize what we did between coming up with this idea and now having our soft launch of KikScore.  We hired a patent lawyer; filed a patent; hired outside developers to supplement our efforts; we futzed around with these developers far too long; 12 months later we fired those developers; we spend 6-8 months working and re-working on our scoring model and securing third-party data sources; we developed a look-and-feel of the site (twice); and came up with a name and trademark (twice).  We all did this while each of us were working full time (and often overtime) with day jobs!  Alot of late, late nights and plenty of weekend work got us to where we are at. 

We’re now live and have several beta customers out there.  While the past couple of years have been busy, we know that the next two will be even busier.  Though it will be a lot more exciting actually being in business, instead of talking about it.

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